Lethbridge Home Buying: What Comes First, Inspection or Offer?

By
Real Estate Agent with Lethbridge Real Estate.com

It’s always a good idea to get a home inspection when buying Real Estate in Lethbridge, Alberta.  You have found a home you like, so what comes first, the property inspection or the offer to purchase? Home Inspection Lethbridge

 

Almost all the time the offer is first.  The inspection will come after you have an accepted offer to purchase. Offers are written normally subject to a satisfactory home inspection.  That means after you have a contract, you have the right to do a home inspection, (at the your expense).  If you are not happy with the home inspection, depending on how your contract is written, you have the opportunity to get out of the contract, or renegotiate.

 

You can get an inspection before writing an offer, but this can be a bit risky, and there are not really any advantages to doing it.  You could get a home inspection, be happy with it, and then write an offer, and then find that the seller will not sell for anything but full price or does not accept any of your conditions. Or you could get the inspection, and while the inspection is being done, someone else comes in and writes an offer that is really good with no conditions, and you lose the approximately $400.00 that you paid for the inspection.  Also, if you are getting financing on a property, you might choose to wait until the bank has approved you and the property before spending the money on an inspection.  Basically, you do not want to spend the money on an inspection for a home that you may not be able to buy.  

 

The exception is a Court Ordered Sale.  If you are dealing with a Court Ordered Sale, you might have to do your property inspection before an accepted offer, as many court ordered sales will not accept any conditions.

 

Here’s a list of Lethbridge Home Inspectors http://www.viewlethbridge.com/lethbridgepropertyinspectors.html

 

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Jennifer is a Real Estate agent in Lethbridge, Alberta.  Some of her specialties include student buyers, out of town buyers and sellers, and extensive Internet marketing of her properties. Whether you are buying, selling, or just want some information, just call Jen at 403-795-8783

Search Lethbridge MLS® listings here:
www.viewlethbridge.com/searchmls.html

Jennifer Brodoway, Lethbridge REALTOR®
www.viewlethbridge.com

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Topic:
Home Buying
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Alberta South Lethbridge
Tags:
real estate
offers to purchase
lethbridge home buying
lethbridge home inspectors

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jennifer - This is very interesting. I think, offer comes first subject to inspection.

Oct 31, 2013 10:37 AM #1
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Rainmaker
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Jennifer Spanbauer Brodoway

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